At a time when treasurers are on the front line facing the risk of fraud, the effective integration of a banking communication platform with an anti-fraud system appears essential!
Fake customers and fake suppliers consistently rank among the top five fraud attempts . The perpetrators of these potentially costly schemes are becoming increasingly inventive! To combat them, some startups are touting the breadth of their databases and their ability to monitor payment campaigns online. This is an attractive solution, provided it handles the transmission of the data to be audited and, above all, automates and optimizes the response processing. These are precisely the tasks for which the NEOFI Anti-Fraud module is specifically designed!
While banking data specialists have access to extensive databases, sometimes supplemented by a banking service like SEPAmail Diamond, sharing data with them online can be a challenge for the treasurer, who may sometimes perceive a conflict between "security" and "efficiency." Forced to involve the IT department and manage the transmission himself, he can only lament this laborious burden.
NEOFI Anti-Fraud intervenes here, at the heart of this online process, to automatically extract supplier data from a payment campaign and transmit it to banking data specialists, via APIs, for analysis. It thus facilitates communication between the company and its service provider.
Go… and back! NEOFI Anti-Fraud not only allows you to transmit the data to be verified, but also to leverage the post-analysis information. This facilitates communication between the treasurer and the chief accountant, making protection mechanisms even more reliable. With NEOFI Anti-Fraud, the analytical capabilities of the verified data report go beyond a simple binary approach: beyond green or red indicators, this intelligent module can generate the elements necessary to automatically reverse accounting entries for erroneous transactions and inform treasurers and chief accountants in real time about any issues and their nature. Gaining security without sacrificing accuracy—that's the key to effective control of supplier and customer data!
Serving as a bridge between corporate finance departments and banking data control specialists, NEOFI Anti-Fraud is not strictly speaking a standalone system; however, it does exhibit a degree of independence, as it can be configured for all payment management software. Its effective and lasting connection with NEOFI Payment is therefore not exclusive. This is good news for those considering strengthening their anti-fraud measures without changing their software.
